FedEx extends air freight contract with USPS by seven years

LinkedIn +

FedEx Express has extended its express air transportation contract with the United States Postal Service (USPS) by more than seven years.

Originally executed on April 23, 2013, the contract modification extends the agreement through September 29, 2024.

The modified contract is expected to generate revenue of approximately US$1.5bn annually for FedEx Express, as the company will provide airport-to-airport transportation of USPS Priority Mail Express and Priority Mail within the USA.

David J Bronczek, president and CEO of FedEx Corporation, said, “We are pleased to be able to extend this agreement and to continue the outstanding service that FedEx Express has provided to USPS for more than 16 years. This contract provides USPS with the operational reliability and flexibility they have come to expect from FedEx.”

February 27, 2017

Share this story:

About Author

mm

Dan originally joined Parcel and Postal Technology International in 2014 having spent the early years of his career in the recruitment industry. As online editor, he now produces daily content for the website and supports the editor with the publication of each exciting new issue. When he’s not reporting on the latest technological developments, Dan can be found on the golf course or apprehensively planning his next DIY project.

Comments are closed.